AlexTrik
Long

S&P 500: All Time HIGHS?

CME:SP1!   S&P 500 Futures
Despite the binary expectations of analysts (if HC wins long, if DT wins short) we saw an amazing rebound followed by a green day. Apart from the unexpected price action, the MACD is also giving a buy signal. The 200DMA and 50DMA haven't crossed over, and thus I don't think this is the top. I would not be suprised if the price were to reach previous ATH             or even create new ones. Still, despite the euphoric buying, I will not trade on either side the SP5000. I will wait though for a top to form and then try to catch a good short entry. I will also NOT trade volatility and would recommend you to do so as well, unless you are very advanced.
Trade closed: target reached
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